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Hong Kong-Backed Stablecoin Imminent? Crypto Advocates Urge Government To Launch Own Coin To Challenge USDC, USDT

Crypto enthusiasts believe that having a local stablecoin would help with de-dollarization.

Wang yangHong kongWen yizhouMeitu cai wenshengColin wuHong kong blockchain associationHong kong monetary authorityHong kong university of scienceHong kong universityLei zhibinHong kong dollarChief executive eddie yue wai manCrypto tech

Hong Kong Is Ready To Challenge USDT And USDC With Its Own Stablecoin, Experts Say

Hong Kong government should consider launching its own stablecoin, the HKDG, backed by its foreign exchange reserves.

Wang yangHong kongWen yizhouCai wenshengHong kong university viceLei zhibinHong kong dollar

Advocates call for Hong Kong govt stablecoin to compete with Tether and USD Coin

Wang Yang, Cai Wensheng, Lei Zhibin and Wen Yizhou co-authored a paper arguing the HK government’s plan of encouraging private firms to issue stablecoins was “too conservative.”

United statesWang yangHong kongCai wenshengWu blockchain wublockchainWen yizhouColin wuHong kong university of scienceHong kong blockchain associationHong kong dollar governmentHong kong universityLei zhibinHong kong dollarHong kong dollar stablecoinVice president

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